Tārgale, Latvia — On November 1, 2024, Tārgale Wind Park held its grand opening, unveiling Latvia’s first major energy storage facility. Hoymiles, as a key technology supplier, played a pivotal role in the project. Managed by Utilitas, Latvia''s largest wind energy producer, this project combines wind energy generation with advanced storage capabilities, setting a new standard for renewable energy infrastructure in the country.
The opening ceremony was attended by key Latvian officials, including Minister for Climate and Energy Mr. Kaspars Melnis, who highlighted the project''s potential impact on Latvia’s energy landscape and sustainability efforts. "It is essential to build new green energy capacity to ensure the resilience and smooth operation of our energy systems as we prepare for a key transition early next year. We are clearly moving in the right direction," said Kaspars Melnis.
"The Tārgale Wind Park energy storage project addresses a significant challenge in renewable energy—ensuring consistent power availability," explained Renārs Urbanovičs, Member of the Board of Utilitas Wind SIA. "Alternative power sources such as wind and solar are weather-dependent. When strong winds create a surplus, we can now store it, making that energy available when conditions are calm. This provides a vital balance to the grid."
The new energy storage system marks a major advancement for Latvia, which is working to stabilize its energy supply while supporting sustainable development. As the largest energy storage battery system, it not only enhances energy reliability but also significantly contributes to the broader energy security of the Baltic States. Additionally, the Tārgale storage project positions Latvia as a model for balancing market strategies, enabling stored energy to be tapped during peak demand periods.
Hoymiles, a leader in renewable energy solutions, is proud to contribute to the Tārgale Wind Park energy storage project. Our high-performance, reliable, and efficient energy storage systems have been instrumental in its success, reflecting our commitment to “Open Energy for All.” Through innovation and technical expertise, Hoymiles continues to support global clean energy initiatives, making sustainable energy accessible to everyone.
Founded in 2012, Hoymiles is a clean energy solution provider, specializing in module-level inverters and storage systems. With a vision of a clean, sustainable future, the company strives to drive innovation in the smart energy industry with its high-performance, accessible products. For more information, please visit
Utilitas Wind SIA is part of the Estonian energy company Utilitas. Utilitas Group is moving towards carbon neutrality by building new renewable energy production capacities, investing in solar and wind energy, and implementing the first green hydrogen pilot project in Estonia. For more information, please visit https://
Clean energy investment company Niam Infrastructure and Estonian renewable power developer Evecon have announced plans to build a new solar-plus-storage portfolio in Latvia.
The portfolio will be built in two phases, with construction at the first, including 40MW of solar generation capacity across six sites, already underway, and expected to be commissioned by the end of March 2025. The second phase will see the construction of five sites, with a combined power generation capacity of 44MW, and Evecon expects to begin construction before the end of this year.
Evecon will also build 26MW of battery energy storage systems (BESS) at the project sites, but did not specify the timeframe for the construction and commissioning of these facilities.
Upon commissioning, the projects will be jointly owned and operated by Niam Infrastructure and Evecon, and the companies announced that they will explore "various offtake strategies", including power purchase agreements (PPAs), at the projects, but that nothing had been signed yet.
Niam Infrastructure will provide equity financing for the projects'' construction phase, while Latvian bank Citadele Banka will provide project financing. The investment has also been supported by the EU''s InvestEU Fund, a €26.2 billion (US$29.1 billion) scheme, provided by the EU to investment firms within Europe, to help de-risk investments in a number of areas, including renewable energy.
Of this money, €9.9 billion (US$10.9 billion) has been set aside for investments into sustainable infrastructure, and the EU expects this fund to help encourage at least €372 billion (US$412.6 billion) of additional public and private investment.
"We are very excited to partner up with Evecon for the deployment of solar energy and storage in the growing Latvian market," said Sverker Åkerblom, CEO of Niam Infrastructure. "We have been following Evecon and the broader Baltic market for a long time and are impressed with Evecon''s capabilities and expertise as well as the development of the Latvian energy market."
Evecon currently operates 59MW of renewable power capacity, and has a further 850MW of solar capacity, alongside 900MW of wind capacity, under development in Estonia, Latvia and Lithuania. Eastern Europe has seen a number of encouraging developments in recent weeks, including Sunly''s plans to build a 1.3GW renewable power portfolio in the region and RWE and Axpo signing a PPA for a 628MW hybrid solar and wind project in Poland.
In issue 39 of PV Tech Power, we considered the potential for further solar development in eastern Europe, with the region boasting three new members of the 1GW solar capacity club: Bulgaria, the Czech Republic and Romania.
At Niam, we are committed to equity in action – putting capital to work to create a meaningful difference. As a leading real asset manager in northern Europe, we use our expertise to unlock smarter investments in property and infrastructure. Building on more than 25 years of trust and experience, we are a team of specialists with a passion for performance, uniting our leading expertise to generate the best outcome of our clients.
About Latvia solar energy storage
As the photovoltaic (PV) industry continues to evolve, advancements in Latvia solar energy storage have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Latvia solar energy storage for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Latvia solar energy storage featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
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